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Kingsgate Consolidated Limited Quarterly Report For the period ending 30 September 2021 KEY ISSUES THAILAND ▸ On 27 October 2021 , Kingsgate announced that it expects to be in a position to commence the refurbishment of the Chatree Processing Plant in December 2021. ( See ASX : KCN release titled " Chatree Gold Mine set to Re - open " ) . ▸ Kingsgate is finalising a number of key items to be included in a negotiated settlement with Thailand , and to ensure that these are accurately captured in the Settlement Agreement the TAFTA award has been further held ( at the request of both Kingsgate and Thailand ) until 31 January 2022 . CHILE ▸ On 14 October 2021 , Kingsgate announced that a Binding Agreement ( " Agreement " ) for the sale of the Company's Nueva Esperanza Project located in the Atacama Region of Northern Chile to TSX listed TDG Gold Corp ( " TDG ” ) has been signed . ▸ Under the Agreement , completion of the transaction is scheduled for 31 October 2021 , and is subject to TDG raising finance of at least C $ 35 million . If the transaction completion date extends beyond 31 October 2021 , TDG will pay Kingsgate a non - refundable deposit of C $ 500,000 . This deposit will be deducted from the initial C $ 25 million cash payment to be paid to Kingsgate upon final completion with the first payment under the Agreement expected towards the end of November . FINANCIAL Kingsgate remains corporate debt free . ▸ Cash at 30 September 2021 totalled A $ 5.9 million . ▸ During the quarter , Kingsgate bought back 533,399 shares at an average price of $ 0.81 per share for a total of $ 433,142.21 . Kingsgate Consolidated Limited AUSTRALIA THAILAND CHILE